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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flow from operating activities:    
Net earnings $ 323,648 $ 354,664
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 233,543 192,865
Amortization of deferred policy acquisition costs 13,931 10,421
Amortization of debt issuance costs 1,765 1,512
Interest credited to policyholders 11,028 10,484
Change in allowance for losses on trade receivables 34 (9)
Change in allowance for inventory reserves 800 (603)
Net gain on sale of real and personal property (28,258) (78,805)
Net (gain) loss on sale of investments (4,645) (3,022)
Deferred income tax 114,724 27,259
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (8,102) 13,618
Inventories (2,674) (2,107)
Prepaid expenses 46,248 71,813
Capitalization of deferred policy acquisition costs (14,360) (15,636)
Other assets (8,695) 16,794
Related party assets 5,195 57,767
Accounts payable and accrued expenses 45,162 59,525
Policy benefits and losses, claims and loss expenses payable 16,922 11,702
Other policyholders' funds and liabilities 1,563 2,684
Deferred income 5,034 2,339
Related party liabilities 232 (97)
Net cash provided by operating activities 753,095 733,168
Cash flow from investing activities:    
Property, plant and equipment (761,277) (720,265)
Short term investments (409,925) (249,082)
Fixed maturities investments (168,817) (169,899)
Equity securities (489) (1,315)
Preferred stock (3)
Real estate (15,788) (23)
Mortgage loans (136,682) (86,361)
Proceeds from sale of:    
Property, plant and equipment 310,409 379,198
Short term investments 386,508 243,634
Fixed maturities investments 120,525 89,085
Equity securities 808
Preferred stock 2,651
Real estate 831
Mortgage loans 105,731 29,895
Net cash used by investing activities (566,323) (484,328)
Cash flow from financing activities:    
Borrowings from credit facilities 331,787 461,735
Principal repayments on credit facilities (158,479) (187,958)
Debt issuance costs (2,085) (5,957)
Capital lease payments (83,414) (77,786)
Employee Stock Ownership Plan (4,653) (1,484)
Securitization deposits 245 298
Common stock dividends paid (19,586) (19,594)
Investment contract deposits 130,166 140,220
Investment contract withdrawals (49,555) (25,974)
Net cash provided by (used in) financing activities 144,426 283,500
Effects of exchange rate on cash (10,517) (12,543)
Increase (decrease) in cash and cash equivalents 320,681 519,797
Cash and cash equivalents at the beginning of period 600,646 441,850
Cash and cash equivalents at the end of the period $ 921,327 $ 961,647